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Property profile & analytics
OFF-MARKET
Estimated value
$15,025,000
Flex space
15480 Reservoir NW Rd Albuquerque, NM 87120-8701
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US61-1619376
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
2021
Total area
278,022 SF
Lot
38.02 ac (1,656,282 SF)
APN
1-005-057-289-391-1-01-02
UPID
US61-1619376
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$14.80M
Blend (final)
Blend
$15.03M
Owner & transaction history
Et Albuquerque LLC · 5 yrs held
Et Albuquerque LLC
since 2021
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$24.3M
+145.8%
Warehouse, storage
$21.2M
+114.5%
Office building
$18.5M
+87.2%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Albuquerque submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Albuquerque submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$9,900,000
Current use
RESTAURANT
$24,325,000
Change: +146% · Conversion: Difficult
WAREHOUSE, STORAGE
$21,230,000
Change: +114% · Conversion: Easy
OFFICE BUILDING
$18,530,000
Change: +87% · Conversion: Difficult
MEDICAL BUILDING
$14,780,000
Change: +49% · Conversion: Difficult
Blend value · Realmo final
$15.03M
Range $13.52M – $16.53M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$54 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$355,942
Tax year 2023
Assessed value
$9,763,593
Assessed 2023
Previous assessed
$9,763,593
+0.0% YoY
Effective rate
3.65%
On assessed value
Assessed land
$475,674
Assessed improvement
$9,287,919
Land market value
$1,427,166
Improvement market value
$27,866,545
Total market value
$29,293,711
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
2021
Total area
278,022 SF
Lot
38.02 ac (1,656,282 SF)
APN
1-005-057-289-391-1-01-02
UPID
US61-1619376
Jurisdiction
BERNALILLO
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$9.9M
RESTAURANT
Est. value
$24.3M
WAREHOUSE, STORAGE
Est. value
$21.2M
OFFICE BUILDING
Est. value
$18.5M
MEDICAL BUILDING
Est. value
$14.8M
INDUSTRIAL (GENERAL) Current
RESTAURANT
WAREHOUSE, STORAGE
OFFICE BUILDING
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2021
Lot
38.02 ac
Current owner
From public records · entity-resolved
Et Albuquerque LLC
Entity
Mailing address
8027 FORSYTH BLVD STE #1100, SAINT LOUIS, MO 63105-1787
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 19, 2024
—
Goldman Sachs Bank USA
—
Deed
related
$653,000,000 · Goldman Sachs Mortgage Company
May 21, 2024
—
Et Albuquerque LLC
—
Deed
related
$653,000,000 · Goldman Sachs Bank USA
Feb 16, 2021
—
Et Albuquerque LLC
Western Albuquerque Land Holdings L
Special Warranty Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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